Ubhar Capital issues Q3 2023 profit forecasts

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Ubhar Capital issued Q3 2023 earnings forecasts for a number of Saudi banks and companies under coverage.

 

Saudi Basic Industries Corp. (SABIC) is expected to record a profit drop of 39% year-on-year (YoY) to SAR 1.12 billion. Al Rajhi Bank’s third-quarter earnings are projected to decline 8% YoY to SAR 4 billion.

 

The following are the brokerage’s Q3 2023 earnings forecasts:

 

Q3 2023 Earnings Forecasts for Companies, Banks (SAR mln)

Company

Q3 2023 estimates

YoY

Banks

SNB

4582.0

(1%)

Al Rajhi Bank

3995.0

(8%)

SAB

1576.0

+13%

Materials

SABIC

1117.0

(39%)

Sipchem

344.9

(55%)

Tasnee

44.5

+160%

Advanced

94.9

+252%

Yansab

(17.0)

--

SIIG

130.0

+137%

Maaden

711.3

(66%)

SABIC Agri-Nutrients

974.0

(58%)

Cement

Yamama Cement

89.8

(11%)

Saudi Cement

88.9

+10%

City Cement

32.8

+30%

Qassim Cement

47.9

+105%

Telecommunications

stc

3582.3

+1%

Mobily

509.0

+36%

Insurance

Bupa Arabia

400.9

+25%

Tawuniya

268.6

+132%

Healthcare

Sulaiman Al Habib

480.5

+14%

Mouwasat

144.4

+18%

Dallah Healthcare

57.6

+31%

Al Hammadi

58.1

+2%

IT

solutions

330.7

+10%

MIS

36.2

+44%

Food Retailing

Jarir

286.4

+5%

SADAFCO*

120.3

+41%

BinDawood Holding

39.0

--

Al Othaim

35.3

(95%)

Cenomi Centres

255.1

+4%

Leejam

66.9

(2%)

Other Sectors

Ataa Educational*

21.1

--

*Different fiscal year

 

Ubhar Capital - Banks and Saudi Companies 08/10/2023

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Quotes

STC
42.15
(0.30) (0.71%)
ETIHAD ETISALAT
51.80
(0.90) (1.71%)
TAWUNIYA
140.40
(3.20) (2.23%)
ALRAJHI
88.00
(0.30) (0.34%)
SAB
33.80
(0.60) (1.74%)
QACCO
52.30
(0.50) (0.95%)
SAUDI CEMENT
40.20
0.05 0.12%
YC
32.05
0.65 2.07%
TASNEE
10.68
(0.06) (0.56%)
SABIC
72.70
(0.20) (0.27%)
SADAFCO
359.00
(7.00) (1.91%)
SABIC AGRI-NUTRIENTS
113.80
(1.80) (1.56%)
SIIG
17.84
(0.52) (2.83%)
YANSAB
39.80
(0.30) (0.75%)
JARIR
13.24
(0.10) (0.75%)
SIPCHEM
26.30
(0.10) (0.38%)
MAADEN
56.40
0.20 0.36%
BUPA ARABIA
201.40
(1.20) (0.59%)
A.OTHAIM MARKET
11.80
(0.02) (0.17%)
ADVANCED
36.35
0.15 0.41%
CITY CEMENT
17.58
0.18 1.03%
DALLAH HEALTH
159.60
0.60 0.38%
MOUWASAT
94.10
(0.90) (0.95%)
SOLUTIONS
255.20
(4.80) (1.85%)
SNB
33.15
(0.50) (1.49%)
ALHAMMADI
39.95
(0.30) (0.75%)
SULAIMAN ALHABIB
286.20
0.20 0.07%
Leejam Sports
190.00
4.00 2.15%
CENOMI CENTERS
20.60
0.24 1.18%
ATAA
77.00
0.90 1.18%
BINDAWOOD
7.12
0.19 2.74%
MIS
188.00
7.80 4.33%


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